Canadian Tire (TSE:CTC.A) Price Target Raised to C$210.00

Canadian Tire (TSE:CTC.A) had its price objective boosted by TD from C$200.00 to C$210.00 in a report issued on Wednesday morning,BayStreet.CA reports. TD currently has a hold rating on the stock.

CTC.A has been the topic of several other research reports. National Bank Financial reduced their price target on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Stifel Nicolaus set a C$215.00 price objective on Canadian Tire and gave the company a “buy” rating in a report on Wednesday, June 10th. Desjardins cut their price objective on Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. BMO Capital Markets reduced their target price on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Finally, Royal Bank Of Canada decreased their target price on Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Tire has a consensus rating of “Hold” and a consensus price target of C$200.56.

Canadian Tire Stock Down 1.4%

Shares of TSE:CTC.A opened at C$196.24 on Wednesday. The firm has a market cap of C$10.32 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. The company has a fifty day simple moving average of C$185.11 and a 200 day simple moving average of C$184.43. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12-month low of C$158.18 and a 12-month high of C$202.46.

Canadian Tire (TSE:CTC.A) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$2.02 EPS for the quarter. The firm had revenue of C$3.57 billion for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. On average, equities research analysts anticipate that Canadian Tire will post 13.638961 EPS for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.